RBC Capital analyst Brad Erickson keeps an Outperform rating and $180 price target on Amazon.com while naming the stock to the firm’s Top 30 Global Ideas for Q1. Amazon’s unmatched scale and advantage in verticalized e-commerce, combined with its industry-leading cloud business, give it many future growth opportunities in new verticals, the analyst tells investors in a research note, adding that its management is also “playing offense on GenAI”.
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